August House Price Index
Savvy summer sellers drive best July for sales agreed since 2020 The average price of property coming to the market for sale drops by a seasonal 1.3% (-£4,969) this month to £368,740. August’s price drop is in line with the ten-year average following the bigger than usual falls in June & July Savvy summer sellers are pricing realistically to attract holiday-distracted buyers. Lower asking prices and good buyer choice are continuing to boost sales activity, resulting in the best July for sales agreed since 2020’s active post-lockdown market: The number of sales being agreed is now 8% ahead